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0 G INA L <br /> kLO6 30SP <br /> AGREEMENT TO PURCHASE AND SELL REAL ESTATE <br /> THIS AGREEMENT TQ PURCHASE AND SELL REAL ESTATE ("Agreement") is made <br /> and entered into as of the ay of ayA Lj5 f 200 (o , by and between Indian River <br /> County, a political subdivision of the State of Florida ("County'), and <br /> JiAt- lc A , KHAKI <br /> ("Seller"), who agree as follows : <br /> 1 . Agreement to Purchase and Sell . The Seller hereby agrees to sell to the County, and the <br /> County hereby agrees to purchase from Seller, upon the terms and conditions set forth in this <br /> Agreement, that certain parcel of real property located at (o448 35 "-' A+ Se i� A �'H A rJ <br /> County of Indian River, State of Florida and more specifically described on Exhibit "A" attached <br /> hereto and incorporated by this reference containing approximately 2� 4z square feet, and all <br /> improvements thereon , together with all easements , rights and uses now or hereafter belonging <br /> thereto (collectively, the " Property' ). <br /> W/ 7S, 00d C � <br /> 2 . Purchase Price , Effective Date . The purchase price (the "Purchase Price") for thq�Q`�, <br /> Property shall be cNe Nutint� ED Sx�/ rrvC fitummi) Am) ccltoc Dollars ($ ! (� rt7oU ) . <br /> The Purchase Price shall be paid on the Closing Date . The Effective Date of this Agreement <br /> shall be the date upon which the County shall have approved the execution of this Agreement , <br /> either by approval by the Indian River County Board of County Commissioners at a formal <br /> meeting of such Board or by the County Administrator pursuant to his delegated authority. <br /> 3 . Title . Seller shall convey marketable title to the Property by warranty deed free of claims, <br /> liens , easements and encumbrances of record or known to Seller; but subject to property taxes <br /> for the year of Closing and covenants, restrictions and public utility easements of record provided <br /> (a) there exists at Closing no violation of any of the foregoing ; and (b ) none of the foregoing <br /> prevents County's intended use and development of the Property (" Permitted Exceptions") . <br /> 3 . 1 County may order an Ownership and Encumbrance Report or Title Insurance <br /> Commitment with respect to the Property. County shall within fifteen ( 15) days following the <br /> Effective Date of this Agreement deliver written notice to Seller of title defects . Title shall be <br /> deemed acceptable to County if (a ) County fails to deliver notice of defects within the time <br /> specified , or (b) County delivers notice and Seller cures the defects within thirty (30 ) days from <br /> receipt of notice from County of title defects ("Curative Period ") . Seller shall use best efforts to <br /> cure the defects within the Curative Period and if the title defects are not cured within the <br /> Curative Period , County shall have thirty (30 ) days from the end of the Curative Period to elect, <br /> by written notice to Seller, to: (i) to terminate this Agreement, whereupon shall be of no further <br /> force and effect , or (ii) extend the Curative Period for up to an additional 90 days ; or ( iii ) accept <br /> title subject to existing defects and proceed to closing . <br /> 4 . Representations of the Seller. <br /> 4 . 1 Seller is indefeasibly seized of marketable , fee simple title to the Property, and is the sole <br /> owner of and has good right , title , and authority to convey and transfer the Property which is the <br /> subject matter of this Agreement , free and clear of all liens and encumbrances . <br /> 1 <br />